COST ANALYST

<p>Reporting into the Costing Manager, the primary role of the Cost Analyst is to prepare and maintain the master costing sheet and the customer compensation sheets for Level 2+ tenders in accordance with the scope of work and commercial requirements of the ITT.<br />
The Cost Analyst will use historical commercial data and commercial intelligence to develop cost estimates for Level 2+ tenders, as well as liaise with Sourcing and the Vendor community to obtain quotations, ensuring the quotations are accurate, valid, and competitive.<br />
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Responsibilities<br />
A more detailed listing of the roles and responsibilities is provided below:<br />
&bull; Create a costing spread sheet that accurately reflects the scope of work and costing responsibilities.<br />
&bull; Obtain costs for each element on the scope of supply, either via historical data or obtaining quotations.<br />
&bull; Develop and maintain close working relationships with the supporting functions that provide input into the costing processes (e.g. Engineering, Finance, Tax, Sales, Logistics, Manufacturing, Supply Chain)<br />
&bull; Ensure all elements of the scope of work have been covered in the costing spread sheet.<br />
&bull; Ensure all costs required to deliver the project are included in the project&
39;s cost of sales.<br />
&bull; Ensure any capital expenditure required to deliver the project is communicated to the sales and tender lead for management approval.<br />
&bull; Review all quotations received from 3rd party vendors for compliance with the costing instructions.<br />
&bull; Review all incoming costs for completeness and compare with similar/recent benchmarks to ensure competitiveness<br />
&bull; Conduct challenges to the costing, when necessary or at the request of the Costing Manager, Tender Lead or Sales Lead<br />
&bull; Ensure the commercial requirements within ITT documents are reviewed and the necessary exceptions and qualifications are raised.<br />
&bull; Apply estimating allowances, as required, to reflect uncertainties within the base costing.<br />
&bull; Prepare P&amp;L&
39;s, commercial Gate Approvals slides and tender compensation sheets.<br />
&bull; Ensure compensation sheets are compliant with customer instructions and reflects instructions received at the various Gate Approval reviews<br />
&bull; Manage the costing aspects of the post-tender clarification process and maintain a clear and traceable history of cost changes for each tender during the tender clarification phase<br />
&bull; Complete a commercial handover package to the execution team. Ensure information is prepared within the set deadlines<br />
&bull; Maintain a commercial/costing database to record and review data from historical commercial contracts to support commercial decision making during various stages of the tender cycle.<br />
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<b>Minimum Job Qualifications</b><br />
&bull; Degree qualified in Engineering, Business, Finance or related field is preferred.&bull; 5 years' experience in relevant, related fields &bull; Working knowledge of SAP&bull; Strong working knowledge of Excel&bull; Strong understanding and appreciation of commercial terms and mechanisms&bull; Strong understanding and appreciation of project and product cost structure, market pricing and P&amp;L's&bull; Understanding and appreciation of tax and finance mechanisms.&bull; Understanding of typical engineering bill of materials&bull; Understanding and appreciation of contract law&bull; Proven ability of working in a high-pressure environment with the minimal of support&bull; Excellent organisational skills and the ability to multitask. &bull; Well-developed interpersonal and communication skills.&bull; Attention to detail and ability to think laterally.</p>